Election Campaigns Funded by Credit Card Debt
The Kansas City Star reported that Hillary Clinton’s campaign had received $30 million in contributions via credit card payments over the internet through February. I wonder what percentage of those contributors maintain a balance on their credit cards and what the real cost of the contribution to the campaign supporter will be by the time they finally pay down their credit?
[...] May, I speculated about the ultimate costs of campaign contributions on small donors who were contributing via credit cards over the internet. Were those donors paying the cards off or ultimately paying much more because of interest payments [...]